EN EN EUROPEAN COMMISSION COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT THE COUNCIL AND THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE on the future of VAT Towards a simpler more robust an PDF document - DocSlides

EN EN EUROPEAN COMMISSION COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT THE COUNCIL AND THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE on the future of VAT Towards a simpler more robust an PDF document - DocSlides

2014-12-14 270K 270 0 0

Description

NTRODUCTION 2 ENERAL CONCLUSIONS FROM THE PUBLIC CONSULTATION brPage 4br EN EN 3 HE PURPOSE OF THIS OMMUNICATION Europe 2020 Taxation trends in the European Union brPage 5br EN EN 4 HE FUNDAMENTAL FEATURES OF A RESHAPED VAT SYSTEM FOR THE EU 41 A EU ID: 23737

Direct Link: Embed code:

Download this pdf

DownloadNote - The PPT/PDF document "EN EN EUROPEAN COMMISSION COMMUNICATION ..." is the property of its rightful owner. Permission is granted to download and print the materials on this web site for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.

Presentations text content in EN EN EUROPEAN COMMISSION COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT THE COUNCIL AND THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE on the future of VAT Towards a simpler more robust an


Page 1
EN EN EUROPEAN COMMISSION COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL AND THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE on the future of VAT Towards a simpler, more robust and efficient VAT system tailored to the single market
Page 2
EN EN TABLE OF CONTENTS
Page 3
EN EN 1. NTRODUCTION 2. ENERAL CONCLUSIONS FROM THE PUBLIC CONSULTATION
Page 4
EN EN 3. HE PURPOSE OF THIS OMMUNICATION Europe 2020 Taxation trends in the European Union
Page 5
EN EN 4. HE FUNDAMENTAL FEATURES OF A RESHAPED VAT SYSTEM FOR THE EU 4.1. A EU VAT system based on the destination principle Single Market Act 4.2. A simpler, more efficient and robust VAT system ‘Simple ,
Page 6
EN EN ‘Efficient and neutral ‘Robust and fraud proof 5. HE PRIORITY AREAS FOR FURTHER WORK 5.1. Towards a simpler VAT system
Page 7
EN EN 5.1.1. The One-Stop-Shop concept (1) Ensuring the smooth introduction of the mi ni OSS in 2015 is a high priority for the Commission, and it is relying on Member States to make the necessary resources available. (2) From 2015 onwards the Commission will envisage a managed broadening of the concept over time.
Page 8
EN EN 5.1.2. Providing business with more accessibl e and better information at EU level (3) With the help of the Member States, the Commission will set up an EU VAT web portal. It invites Member States to confirm their willingness shown in the Tax Policy Group by making a commitment to provide the necessary information and to keep it up-to -date in a timely manner. 5.1.3. Improving the governance of VAT at EU level (4) The Commission will publish in 2012 th e guidelines agreed by the VAT Committee on EU legislation and, when ever appropriate, explanatory notes on the new legislation before its entry into force in order to inform businesses and promote a more consistent application. (5) The Commission will set up a tripartite EU VAT forum (Commission, Member States, stakeholders) in the course of 2012.
Page 9
EN EN 5.1.4. Standardising VAT obligations (6) The Commission will propose in 2013 t hat a standardised VAT declaration should be available in all languages and optional for businesses across the EU. (7) The same standardisation approach could th en be followed with regard to other obligations such as registration, invoicing and evidence to justify an exemption or the reverse charge. 5.2. Towards a more efficient VAT system 5.2.1. Broadening the tax base Public bodies (8) The Commission will table a proposal whic h will concentrate on activities with a greater degree of private sector in volvement and a heightened risk of distorted competition. Passenger transport services
Page 10
EN EN (9) The Commission will propose a more neutral and simpler VAT framework for passenger transport activities. Other exemptions (10) The Commission calls on Member States to make use of the existing options to alleviate the burden of VAT on non-profit making organisations. It can provide them with guidance on the VAT regime applicable to them. 5.2.2. Reviewing the rate structure Study on reduced VAT applied to goods and services in the Member States of the European Union
Page 11
EN EN
Page 12
EN EN (11) In order to increase the efficiency of the VAT system, the Commission favours a restricted use of reduced VAT rates. It will launch in 2012 an assessment of the current VAT rates structure in the light of the abovementioned guiding principles and will subsequently make proposals along those lines after ample consultation with stak eholders and Member Stat es by the end of 2013. (12) To tackle the legal uncertainty and the compliance costs stemming from the 27 different rate structures, the Commission will propose to in clude in the EU VAT web portal a clear and binding in formation on the list of the goods and services that are not cove red by the standard rates in each Member State. To this end, the Combined Nomenclature could be used. 5.3. Towards a more robust and fraud-proof VAT system 5.3.1. A quick reaction mechanism to deal with sudden fraud (13) The Commission will table a quick reaction mechanism proposal in 2012. 5.3.2. Combating VAT fraud
Page 13
EN EN (14) The Commission will ensure and monitor the full implementa tion of the Anti- Fraud measures and report on their effici ency and the need for further action in 2014. (15) The Commission encourages the Council to progress in the adoption of the proposals still on the table. It will examine ways to significantly broaden automated access to information. (16) The Commission will explore the possibility of setting up a EU cross border audit team to facilitate and improve multilateral controls.
Page 14
EN EN (17) The Commission will strengthen th e monitoring of the efficiency and effectiveness of the tax administrations of the Member States in the next Article 12 Report. (18) The Commission will, with the help of the Member States, intensify the exchange of best practices in com bating fraud in high risk sectors. (19) The Commission will continue to follo w the work of Eurofisc and encourage Member States to further develop this tool in order to try to find new fraud schemes or to prevent them from developing. (20) The Commission will support Member St ates in their efforts to enhance compliance by using the EU VAT forum mentioned in point 5.1.3. (21) The Commission will explore the possibili ties of strengthened cooperation with third countries with a view to exchanging information in the field of indirect taxation by requesting a EU mandate for making agreements with third countries. (22) The Commission will initiate and fa cilitate initiatives for a stronger cooperation between tax and customs authorities. 5.3.3. Reviewing the way VAT is collected and monitored
Page 15
EN EN (23) The Commission will further analyse the fe asibility of the split payment and its design in order to allay the concerns expressed, with a view to deciding on the appropriate follow-up at a later stage. (24) The Commission will seek a common approac h at EU level on the SAFT in order to streamline its implementation. 5.4. A VAT system tailored to the single market
Page 16
EN EN (25) The Commission will proceed with in-depth technical work and a broadly- based dialogue with Member States in the Group on the future of VAT and stakeholders in the VAT expert group examining in detail the different possible ways to implement the destination principle. (26) The Commission will table in the 1 st half of 2014 a legisl ative proposal laying down the definitive regime of taxation of intra-EU trade. 6. THER ACTIONS TO BE LAUNCHED IN THE MEDIUM TERM 7. ONCLUSION
Page 17
EN EN

About DocSlides
DocSlides allows users to easily upload and share presentations, PDF documents, and images.Share your documents with the world , watch,share and upload any time you want. How can you benefit from using DocSlides? DocSlides consists documents from individuals and organizations on topics ranging from technology and business to travel, health, and education. Find and search for what interests you, and learn from people and more. You can also download DocSlides to read or reference later.